东莞银行、南海农商行上市审核“中止” 营收与利润缩水 IPO困局何解？

Core Insights - Both Dongguan Bank and Nanhai Rural Commercial Bank have experienced a decline in both revenue and net profit for the first three quarters of 2025, continuing the downward trend from the previous year [1][2][3] Financial Performance - Dongguan Bank reported revenue of 6.918 billion yuan, a year-on-year decrease of 9.39%, and a net profit of 2.544 billion yuan, down 20.66% [1][2] - Nanhai Rural Commercial Bank achieved revenue of 4.277 billion yuan, a decline of 8.73%, and a net profit of 1.865 billion yuan, down 17.08% [1][2] - The downward trend in performance was already evident in 2024, with Dongguan Bank's revenue at 10.197 billion yuan, down 3.69%, and net profit at 3.733 billion yuan, down 8.2% [2] Revenue Structure - Dongguan Bank's net interest income and financial investment income both saw negative growth, while its intermediary business net income reached a historical high [1][4] - Nanhai Rural Commercial Bank's intermediary business also showed recovery, with investment income increasing by 50.75%, accounting for 46.84% of total revenue [1][7] Capital Adequacy - As of September 2025, Dongguan Bank's core Tier 1 capital adequacy ratio was 9.13%, while Nanhai Rural Commercial Bank's was 12.51%, both showing a decline compared to the end of the previous year [9][10] IPO Status - Both banks' IPO applications have been suspended due to expired financial documents, with only these two banks remaining in the queue for listing in Guangdong [2][9]